Wall Street's main indexes soared on Wednesday, with the benchmark S&P 500 touching a one-week high, driven by lower-than-expected December core inflation data and robust quarterly earnings from major U.

Wall Street's major market averages rocketed higher on Wednesday, after a key inflation reading came in softer than expected, bolstering the case for further Federal Reserve interest rate cuts.   Following the release of the inflation data at 0830 ET,

The SP 500 surged on Wednesday as easing inflation and robust quarterly results from major banks lifted market sentiment. The Dow Jones gained 1.7%, the SP 500 climbed 1.8%, and the NASDAQ soared 2.5%.